Barclays PLC Decreases Holdings in Fox Co. (NASDAQ:FOXA)

Barclays PLC decreased its position in shares of Fox Co. (NASDAQ:FOXA) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 915,282 shares of the company’s stock after selling 171,278 shares during the quarter. Barclays PLC’s holdings in FOX were worth $36,713,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FOXA. Dodge & Cox boosted its stake in shares of FOX by 11.6% during the 2nd quarter. Dodge & Cox now owns 48,721,900 shares of the company’s stock worth $1,809,044,000 after acquiring an additional 5,050,236 shares in the last quarter. LSV Asset Management boosted its stake in shares of FOX by 98.5% during the 3rd quarter. LSV Asset Management now owns 8,734,431 shares of the company’s stock worth $350,338,000 after acquiring an additional 4,335,010 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of FOX by 78.8% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 3,329,698 shares of the company’s stock worth $133,554,000 after acquiring an additional 1,467,409 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of FOX by 155.7% during the 2nd quarter. Marshall Wace LLP now owns 1,653,724 shares of the company’s stock worth $61,402,000 after acquiring an additional 1,007,087 shares in the last quarter. Finally, Ninety One UK Ltd boosted its stake in shares of FOX by 10.8% during the 3rd quarter. Ninety One UK Ltd now owns 10,293,030 shares of the company’s stock worth $412,853,000 after acquiring an additional 1,003,216 shares in the last quarter. 54.14% of the stock is currently owned by institutional investors and hedge funds.

FOXA has been the subject of several research reports. TheStreet downgraded FOX from a “b” rating to a “c” rating in a research report on Wednesday, December 22nd. Credit Suisse Group lifted their price objective on FOX from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, October 8th. Rosenblatt Securities upgraded FOX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $39.00 to $48.00 in a research report on Thursday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on FOX from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. They noted that the move was a valuation call. Finally, Needham & Company LLC restated a “hold” rating on shares of FOX in a research report on Thursday, September 30th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $43.08.

FOXA stock opened at $41.02 on Friday. The company has a market cap of $23.36 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.60 and a beta of 1.11. The company has a quick ratio of 2.70, a current ratio of 3.09 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $38.02 and a 200-day simple moving average of $38.13. Fox Co. has a 52 week low of $29.84 and a 52 week high of $44.80.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, November 3rd. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.91 billion. FOX had a return on equity of 14.71% and a net margin of 13.18%. During the same period in the prior year, the firm posted $1.18 EPS. As a group, analysts expect that Fox Co. will post 2.85 earnings per share for the current fiscal year.

About FOX

Fox Corp. delivers compelling news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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